Solis Capital Partners, a lower middle-market private equity firm located in Southern California, has held a first close for its second fund, at $42.5m.
The fund, which is aiming for a total of $100m, is expected to close by the end of 2012.
Led by Dan Lubeck, managing director and founder of Solis, Fund II will continue the firm’s strategy of investing in business service, manufacturing and value-added distribution companies, located in the Western United States, in large, highly fragmented markets.
Solis expects to complete its first investment for Fund II, a San Clemente, CA-based company, in the next several weeks.
FinSMEs
14/02/2012